Re: Gas Prices
Broadway
11/23/2011 3:00:18 PM
Heinrich, you are making perfect sense to me. But never fear ... the fracking supply of natural gas will end up providing at least 100 years' supply to the domestic US market, according to an estimate I just read. Of course ... unless the earth literally crumbles beneath our feet because of all this fracturing and a major quake gets linked to it and people die. Then you could see the spigot get cranked shut.
Look at the chart. The height of it is due to all the contributing sources of natural gas. Most of these sources start decreasing around the time we're looking at future projections. The notable exception is gas resulting from fracking. If this source were to fall off for some reason--or go away completely--the domestic supply of natural gas would fall off correspondingly.
Heinrich:
1) Can you speak in English? Your post was quite cryptic.
2) Why are you so sure that gas supplies decrease when in fact the current trend is that they are increasing?
--Scott
No firm link
tokyogai
11/23/2011 8:52:38 AM
Although the data looks somehwat suspicious, I would really like to see some hard data before drawing a conclusion. There are a lot of things we do that could impact earthquakes. I wonder what is the best way to really asses the risk?
Re: Fracking in California
Jacob
11/23/2011 5:27:55 AM
I think the piling process for high-rise construction can also have similar impact for earthquakes.
Re: Fracking in California
Broadway
11/22/2011 6:17:10 PM
There is so little known about known faults that it would not be wise to us fracking to "reduce" pressure in CA. I hope you were kidding with that comment btw. What's worse is that many faults are undiscovered and only get found when they go off in a big way. So frack near one of these unknown faults and who knows what could happen.
The latest compounding of adverse effects does not may cause the energy information agency to modify their rosy, linearly increasing projection of shale gas extraction. In this case a decrease in natural gas supplies over the next 25 years is certain. It will be interesting to see how the US and other countries deal with this supply of energy being available to less people.
Fracking Water
PAW
11/22/2011 2:29:30 PM
In addition to earthquakes, fracking has been linked to harming the water supply. In Colorado, homeowners are protesting as they have been able to light their drinking water on fire, many claim, as a result of nearby fracking.
It's a shame that shale oil retrieval is potentially harmful in so many ways, considering how much of it is purported to be stashed away in the ground.
Re: Fracking in California
Sherri Cruz
11/22/2011 1:48:30 PM
I'll have more on that tomorrow. Minor earthquakes happen naturally all the time. If fracking causes minor earthquakes, people don't even feel them. The bigger concern is whether hydraulic fracturing can cause larger earthquake, one that is felt and has consequences.
The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
Tweet This